Our data shows traders are now at their most net-long GBP/USD since Dec 20 when GBP/USD traded near 1.32.


Number of traders net-short has decreased by 16.90% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


GBP/USD

BEARISH

79.52%

20.48%

8.25%
Daily

19.18%
Weekly

-22.49%
Daily

-16.90%
Weekly

0.11%
Daily

9.45%
Weekly

GBP/USD: Retail trader data shows 79.52% of traders are net-long with the ratio of traders long to short at 3.88 to 1. Our data shows traders are now at their most net-long GBP/USD since Dec 20 when GBP/USD traded near 1.32. The number of traders net-long is 8.25% higher than yesterday and 19.18% higher from last week, while the number of traders net-short is 22.49% lower than yesterday and 16.90% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.





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